The Financial Accounting Standards Board (FASB) has published GAAP Taxonomy Improvements for a proposed Accounting Standards Update (ASU) concerning income tax disclosures.
The proposed changes can be found in Income Taxes (Topic 740)—Improvements to Income Tax Disclosures. If adopted, the ASU would increase transparency requirements and decision usefulness of income tax disclosures.
For further details, see the proposed ASU’s Release Notes on the FASB’s website.
Source:
FASB Staff Issues Proposed GAAP Taxonomy Improvements for a Proposed Accounting Standards Update—Income Taxes (Topic 740): Improvements to Income Tax Disclosures (xbrl.us)
